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Copart Inc (CPRT)
NASDAQ:CPRT
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.42Last Year’s EPS
0.39Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Positive
Copart Incorporated reported robust growth in global revenue, driven by strong performance in both insurance and non-insurance segments. The company's strategic investments in technology and services, such as Title Express, are yielding positive results. However, challenges remain, including decreased inventory and issues in the dealer segment. Despite these hurdles, the overall growth and strong financial position provide a positive outlook.Company Guidance
During Copart's Second Quarter Fiscal 2025 earnings call, the company reported robust growth metrics and strategic advancements. The global unit sales increased by 8%, while inventory decreased by nearly 3% from the previous year. In the U.S., insurance unit volume rose by 9% year-over-year, with non-insurance unit volume, particularly Blue Car, experiencing a 27% increase. Internationally, units sold grew by over 8%, and fee units increased by 11%. The company's Title Express platform is processing over 1 million titles annually, underscoring its success in enhancing insurance workflows. Financially, global revenue rose by 14% to nearly $1.2 billion, with service revenue growing by 15%. The company's gross profit reached approximately $526 million, reflecting a 13% increase. Despite challenges, including potential tariffs and an evolving insurance landscape, Copart continues to invest in technology, real estate, and personnel to drive future growth.Global Revenue Growth
Global revenue increased by 14% to nearly $1.2 billion for the quarter, driven by increased volume and higher revenue per unit.
Insurance Business Expansion
Global insurance volume grew by 8% for the quarter compared to the same quarter last year, with over 1 million titles processed via Title Express.
Strong Non-Insurance Growth
Non-insurance unit volume increases continued to outpace insurance volume growth, with Blue Car showing over 27% growth year-over-year.
Purchase Vehicle Gross Profit Surge
Global purchase vehicle gross profit increased by 110% in the second quarter, with U.S. purchase vehicle gross profit up by 205%.
Purple Wave Performance
Purple Wave drove an 8% growth in gross transaction volume year-over-year, outperforming the industry.
Strong Cash Position
The company ended the quarter with over $5 billion in liquidity, including nearly $3.8 billion in cash.
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CPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $58.22 | ― | ― |
| Nov 21, 2024 | $56.90 | $62.70 | +10.19% |
| Sep 04, 2024 | $53.05 | $49.51 | -6.67% |
| May 16, 2024 | $54.58 | $54.50 | -0.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Copart Inc (CPRT) report earnings?
Copart Inc (CPRT) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Copart Inc (CPRT) earnings time?
Copart Inc (CPRT) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPRT EPS forecast?
CPRT EPS forecast for the fiscal quarter 2025 (Q3) is 0.42.
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